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5347 Lacey Ave, Morrow, GA, 30260

2beds
1baths
1,075sqft
$85,000
$79price/sqft
$827/moest. monthly cost
$33,080/yrincome needed

About This Home

MAJOR PRICE REDUCTION – NOW OFFERED AT $115,000 This is the opportunity investors have been waiting for. Welcome to 5347 Lacey Ave, a 2-bedroom, 1-bath property situated on approximately 0.24 acres in Morrow, Georgia. This property gives buyers the flexibility to renovate, rent, or redevelop based on their investment strategy. Positioned at the end of a dead-end street, the property offers privacy with minimal through traffic while still maintaining strong accessibility to major corridors. Located just minutes from Hartsfield-Jackson International Airport, I-75, I-285, and approximately 15 minutes from Downtown Atlanta, this location continues to benefit from steady growth and increasing demand. The home itself is a 1,075 square foot ranch built in 1968 and is in need of renovation, making it a strong value-add opportunity for investors seeking to create equity through improvements . The lot spans approximately 0.24 acres and offers usable space with flexibility for future repositioning or long-term hold . The property is not located within a flood hazard area, which adds an additional layer of long-term stability for development or ownership . With pricing now at $115,000, this creates a compelling entry point for investors seeking margin, flexibility, and long-term upside in a growing area. Whether you’re looking to renovate and hold, fix and flip, or secure a well-located piece of land for future use, this property offers multiple exit strategies. Opportunities at this price point with this level of potential are becoming increasingly difficult to find.

Getting Around

16
WalkingCar-Dependent
0
TransitVery Limited Transit
10
BikeSomewhat Bikeable

Schools

5/10
Morrow Elementary SchoolGrades PK-51.8 mi
6/10
Morrow Middle SchoolGrades 6-81.1 mi
3/10
Morrow High SchoolGrades 9-121.2 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1968

Materials

  • Roof: Other
  • Construction materials: Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Other
  • Laundry features: None

Basement

  • Basement: None

Bedroom

  • Features: None

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Features: None

Features

  • Other
  • Window features: None
  • Flooring: Other
  • Number of fireplaces: 1
  • Fireplace features: None
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Other
  • Cooling features: Other

Interior Area

  • Total structure area: 1,075
  • Total interior livable area: 1,075 sqft

Kitchen

  • Features: None

Master Bathroom

  • Features: None

Master Bedroom

  • Features: None
  • Level: None

Property

Accessibility

  • Accessibility features: Accessible Bedroom

Details

  • Parcel number: 12179D A009
  • Other equipment: None
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: None
  • Exterior features: Private Yard,No Dock
  • Spa features: None
  • Fencing: Front Yard
  • Has view: Yes
  • View description: Neighborhood,Rural,Trees/Woods
  • Waterfront features: None
  • Waterbody name: None

Lot

  • Lot size: 10,497 sqft
  • Features: Back Yard,Corner Lot,Private
  • Lot size dimensions: 150 x 70

Parking

  • Total spaces: 9
  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Hail
Inland Flooding
Ice Storm
Lightning
Strong Wind

FEMA Declared Disasters Across Georgia Counties

Hurricane
Severe Storm
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $429$5,148
Home Insurance *$65$780
Property Taxes $114$1,368
Electricity $219$2,637
Total$827$9,924
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$28,354/yr
40% on housing$24,810/yr
45% on housing$22,053/yr

Georgia FAIR Plan Programs

Georgia Underwriting Association

Covered
WildfireWildfire
Add-on available
WindWind
Visit Website →

Georgia Underwriting Association - Coastal

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,778Commercial: 638
Total Premiums$16.25M
Total Exposure$2.20B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 7.9%
7.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$79This listing

vs Other Active Listings

Avg $/sqft

ZIP 30260$102
Clayton County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 30260$117
Clayton County$136

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-01Price change$115,000
2026-03-24Listed for sale$145,000

For Sale by Agent

AgentTaylor Ingram
BrokerageKeller Williams Realty Atl North

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